Endurance Technologies Ltd. · NSE:ENDURANCE
Endurance Technologies — Q3 FY26 Earnings Presentation
29 slides from Endurance Technologies's earnings presentation, Feb 12, 2026
Slide 1: Cover letter to stock exchanges
ENDURANCE TECHNOLOGIES LIMITED 2nd Floor, Kumar Solitaire, S. No. 216B/218A/215A, Near Aga Khan Palace, Shastri Nagar, Nagar Road, Pune-411 006 (M.S.), India Tel: +91-20-68284200 Fax: +91-20-26680894 Website: www.endurancegroup.com CIN No. L34102MH1999PLC123296 12th February, 2026 BSE Limited, Natio
Slide 2: Quarterly Results Presentation Q3FY26
Quarterly Results Presentation Q3FY26 12th Feb 2026
Slide 3: Cautionary Statement
The presentation may contain, without limitation, CAUTIONARY certain statements that could be considered forward- looking. Such forward-looking statements do not STATEMENT guarantee future performance; and may involve risks and uncertainties that could cause actual performance or results to be mater
Slide 4: Key Events till date in FY26
KEY EVENTS till date in FY26 Setting up AURIC Shendra project in Chh. Sambhajinagar, focused on Machined Castings for 4W and non-automotive. SOP expected in Q2FY27. Setting up lithium-ion Battery Pack plant in Pune. SOP expected in Q4FY26. Setting up new infrastructure at the Sanand plant in Gujarat
Slide 5: Key Events till date in FY26
KEY EVENTS till date in FY26 Business won till date in FY26: Rs 1283 Cr in India*, including Rs. 300 Cr for battery-pack and Rs. 45 Cr in Maxwell. Further, won business worth Euro 15 million in Europe. 93 total patents and 80 design registrations. Next-generation Suspension and Brakes R&D centres op
Slide 6: Order Wins
Order Wins 5
Slide 7: Order Wins in Standalone Business
ORDER WINS IN STANDALONE BUSINESS (RUPEES CRORE) Last 5 years Orders Order Split last 5 years 3800* 3400 5021 730 2600 Replacement Orders 1442 1199 1205 4291 Ramp Up of 471 935 938 138 745 New Orders New Orders FY23 FY24 FY25 FY26 FY27 FY28 FY22 FY23 FY24 FY25 9MFY26 Total 4W and non-auto form 57% o
Slide 8: EV Orders in Standalone Business
EV ORDERS IN STANDALONE BUSINESS Excluding BAL & FY22 FY23* FY24 FY25 9MFY26 Total Rs 1,059 Cr (excluding Battery- Battery-Pack Pack) includes Rs 519 Cr for Castings, Rs EV order value Rs. 78 Cr Rs. 258 Cr Rs. 59 Cr Rs. 440 Cr Rs. 224 Cr 347 Cr for Brakes, Rs 114 Cr for Suspensions and Rs 31Cr for A
Slide 9: Order Wins in European Business
ORDER WINS IN EUROPEAN BUSINESS (EURO MILLION) 244 Last 5 years Orders 35 Replacement Orders 150* 135 126 96 84 74 209 65 New Ramp Up 40 Schedule 31 Orders 15 FY25 FY26 FY27 FY28 FY29 FY22 FY23 FY24 FY25 9MFY26 Total Owing to transition to EV/Hybrid in Europe, we expect reduction in future revenues
Slide 10: EV and Hybrid Share Increasing in Europe Business
EV AND HYBRID SHARE INCREASING IN EUROPE BUSINESS (EURO MILLION) Out of Euro 244 Mn of cumulative orders won in the last 5 years, Euro 94 Mn (39%) are for EV applications and Euro 84 111 Mn (45%) for Hybrid Applications 74 ICE end-use, currently at ~40% of Endurance Europe 11% revenues, is expected
Slide 11: Embedded Electronics & New Energy
EMBEDDED ELECTRONICS & NEW ENERGY Embedded Electronics New Energy- Battery Packs LoI for battery pack of e-2W model of a large Continuing large volume business for our AVA BMS. OEM with peak annual sale of Rs 300 Cr. Won Rs 45 Cr orders in FY26, including new BMS variants- HP-Safe, CT-Lite and LT+PR
Slide 12: Q3 Industry Data & ETL Financials
Q3 Industry Data & ETL Financials 11
Slide 13: India Industry Factors Impacting Q3 Results
INDIA INDUSTRY FACTORS IMPACTING Q3 RESULTS ETL TI - Indian Vehicle Sales YoY ETL TI YoY Change from Q3 FY26 Q3 FY25 Change from (in Mn) Change change Q3FY19 Q3FY19 Total 2W 7.07 5.98 18.2% 20.0% 22.8% 108.5% Motorcycles 4.59 4.00 14.7% 20.3% 18.7% 94.8% Scooters 2.33 1.84 26.6% 18.0% 40.0% 271.6% 3
Slide 14: Europe Macro/Industry Factors Impacting Q3 Results
EUROPE MACRO/INDUSTRY FACTORS IMPACTING Q3 RESULTS EU new Car registration % Change from Q3 FY26 Q3 FY25 % Change (in 000) Q3 FY20 France 445 453 -1.6% -22.3% Germany 747 701 6.6% -13.8% Italy 357 356 0.4% -20.5% Spain 294 272 8.0% 0.4% Others 922 863 6.9% -1.8% Total EU 2,765 2,644 4.6% -11.4% Sour
Slide 15: Q3 Total Income
Q3 TOTAL INCOME (RUPEES CRORE) Standalone Europe Maxwell Consolidated 2678 965 3646 2192 692 2881 40 26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 22.2% YOY growth. Industry 2W 39.5% YOY growth in INR terms. 21% Key customer recorded healthy YOY growth of 26.5% sales growth of 18.2%. gr
Slide 16: Q3 EBITDA
Q3 EBITDA (RUPEES CRORE) YoY: 18.0% YoY: 30.4% Consolidated Standalone 287 339 394 514 13.1% 12.7% 13.7% 14.1% Q3FY25 Q3FY26 Q3FY25 Q3FY26 YoY: 55.3% Europe 112 174 Maxwell Q3FY26 EBITDA Rs. 2.3Cr vs 18.0% Q2FY25 Rs. (-) 0.9Cr. 16.2% Q3FY25 Q3FY26 15
Slide 17: Q3 EBITDA Bridge - Standalone
Q3 EBITDA* Bridge - Standalone 15.0% 14.5% 1.6% 14.0% 13.5% -0.4% -0.3% 13.0% -0.3% 12.5% 12.5% 12.4% 12.0% -0.7% EBITDA EBITDA 11.5% % Q3 FY % Q3 FY 25 26 11.0% 10.5% 10.0% Incentives Commodity Commodity Special Initiative Ramp-up (Recurring) inflation Pass- inflation Timing (Professional New Plant
Slide 18: Q3 PAT
Q3 PAT YoY: 8.8% (RUPEES CRORE) YoY: 20.2% 157 Consolidated Standalone 171 184 222 7.2% 6.4% 6.4% 6.1% Q3FY25 Q3FY26 Q3FY25 Q3FY26 YoY: 48.0% Europe 35 51 Maxwell Q3FY26 PAT Rs. (-) 0.8 Cr vs Q3FY25 (-)3.5Cr. 5.3% 5.0% Q3FY25 Q3FY26 17
Slide 19: 9M Industry Data & ETL Financials
9M Industry Data & ETL Financials 18
Slide 20: India Industry Factors Impacting 9M Results
INDIA INDUSTRY FACTORS IMPACTING 9M RESULTS ETL Total ETL TI - Indian Vehicle Sales Change from 9MFY26 9MFY25 Change Income change from (in Mn) 9M FY19 growth 9M FY19 Total 2W 19.74 18.10 9.0% 14.6% 3.6% 95.7% Motorcycles 12.97 12.05 7.6% 15.2% 1.9% 85.8% Scooters 6.37 5.65 12.8% 11.0% 13.0% 189.3%
Slide 21: Europe Macro/Industry Factors Impacting 9M Results
EUROPE MACRO/INDUSTRY FACTORS IMPACTING 9M RESULTS EU new Car registration % Change from 9MFY26 9MFY25 % Change (in 000) 9MFY20 France 1,222 1,274 -4.0% -26.4% Germany 2,193 2,123 3.3% -19.6% Italy 1,081 1,107 -2.3% -21.6% Spain 869 772 12.6% -7.7% Others 2,743 2,587 6.0% -8.2% Total EU 8,108 7,862
Slide 22: 9M Total Income
9M TOTAL INCOME (RUPEES CRORE) Standalone Consolidated Europe Maxwell 10604 7721 2875 8680 6643 2030 115 49 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 16.2% YOY growth. Industry 2W 41.6% YOY growth in INR terms. Sharp YoY growth, as key sales growth of 9.0%. 27.2% growth in EUR terms, c
Slide 23: 9M EBITDA
9M EBITDA (RUPEES CRORE) YoY: 10.0% Consolidated YoY: 23.2% Standalone 892 981 1211 1492 13.4% 12.7% 14.1% 14.0% 9MFY25 9MFY26 9MFY25 9MFY26 YoY: 54.4% Europe 509 330 Maxwell 9MFY26 EBITDA Rs. 4.82Cr vs 17.7% 9MFY25 Rs. (-) 6.80Cr. 16.2% 9MFY25 9MFY26 22
Slide 24: 9M PAT
9M PAT (RUPEES CRORE) YoY: 3.9% Consolidated YoY: 14.2% Standalone 505 524 591 675 7.6% 6.8% 6.8% 6.4% 9MFY25 9MFY26 9MFY25 9MFY26 YoY: 46.5% Europe 105 154 Maxwell 9MFY26 PAT Rs. (-)3.8 Cr vs 5.2% 5.3% 9MFY25 Rs. (-) 14.4 Cr. 9MFY25 9MFY26 23
Slide 25: Consolidated Total Income
CONSOLIDATED TOTAL INCOME By Entity By Products By Vehicles Transmission 3.4% Others After Market Maxwell 2.3% 4.5% Others Europe 1.1% 2.3% 27.1% Alloy Wheel 4 Wheeler 7.0% 29.1% Suspension Disc Brake 24.7% India 11.6% 9MFY’26 71.8% 9MFY’26 9MFY’26 3 Wheeler Motorcycle 8.2% Die Casting 52.0% 46.5% S
Slide 26: Standalone Total Income
STANDALONE TOTAL INCOME By Products By Vehicle Type Transmission 4 Wheeler After Market 4.1% Others 5.7% 5.1% 2.0% Others 3 Wheeler 2.9% 11.2% Alloy Wheel 9.7% Suspension Scooter 9MFY’26 33.9% 11.4% 9MFY’26 Disc Brake Motorcycle 16.0% 69.8% Die Casting 28.3% Transmission 4 Wheeler Others 4.7% 5.8% 0
Slide 27: 9MFY26 Capex
9MFY26- CAPEX Expansion Capex and Dies account for ~80% of total capex. Standalone: Rs. 657 Cr. Includes additional land bank, capacity addition in brake assemblies, al. alloy wheels, al. casting and machining and new battery pack plant. Europe: Includes production capacity expansion to cater to new
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Slide 29: Summary Financials
Summary Financials Rs. Crore FY25 FY26 Q1 Q2 Q3 YTD Dec Q4 Full Year Q1 Q2 Q3 YTD Dec Total Income ETL-Standalone 2,135 2,317 2,192 6,643 2,269 8,913 2,351 2,692 2,678 7,721 Maxwell 3 19 26 49 21 70 31 44 40 115 Europe 721 617 692 2,030 728 2,758 1,002 908 965 2,875 Consolidated Adjustments - -15 -2
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